ambassador in estonia. estonia, in the last 300 years, has spent the last 250 of them occupied by russia. so there is a great sensitivity to their neighbor to the east. and the solution to that geographic challenge that they face throughout their history was to embed themselves in the institutions of the west. these are the institutions that the united states built and led for many decades. primarily, that means nato. during the campaign when candidate trump was saying that nato is obsolete and, in fact, one of his advisors, the former speaker of the house of representatives, was on television saying that, you know, perhaps estonia wasn't worth defending because it's a suburb of st. petersburg. it put me in a very difficult position when they took office. so i was looking right from the start for the administration to reassure our allies and return to the traditional rhetoric and language of american leadership regarding our feelty to nato and the institutions we belong to and elead and our allies were look

in estonia during that time.is just a quarter of that. david: europe may have some problems to look into. emma: there are banks desperately looking into their own transactions. david: what is going on here? after all the regulations, it is is just danske bank, there problem after problem with money laundering. who is asleep at the switch? emma: many would say regulators are. bankers need to be looking at these things more closely. the fact that we have [indiscernible] we should get some answers to that very question. david: we know who is doing very well though, the lawyers. emma: always. david: thank you very much for that report. senator john cornyn speaking on the senate floor right now about the kavanaugh investigation. other women who have known and interacted with judge kavanaugh since. it seems simply out of character for the brett kavanaugh that we have come to know as a result of these hearings and these investigations. and finally, the timing of these allegations seem awfully calculated and unusual, eve

doj has requested information with regard to its criminal probe in estonia and denmark.heirthis mean ability to do business in the united states and in the dollar system? we will talk about that. let's return to big picture things. european markets opening weaker. u.s. fed chair jay powell is talking about raising interest rates to a level where they could restrain economic growth. >> we are gradually moving to a place where interest rates will be neutral. we may go past neutral. we are a long way from neutral at this point. anna: joining us now is the senior partner and cio at saracen ad partners. good to see you. a lot to talk about. let's talk about the big picture with regards to the united states. no reason to is think the cycle can't continue for quite some time, effectively indefinitely. too punchy? >> a little. we are looking at an extraordinarily -- extraordinary economic experiment. wartimeseen outside of a late cycle stimulus of this -- years into it that werobust recovery have never experienced before. i want to show you this chart. it compares t soft against

david: i want to get to estonia. the u.s. department is saying -- we would like to talk to you about this money laundering thing, please. reporter: the scope and amount of money, especially in the context of estonia gdp, $1 trillion going through. david: the $250 billion was only a quarter of what went through these banks. what are the banks might be doing this? reporter: absolutely right. the world focused on this, it becomes a nordic question, and a european question and a global question. alix: regulation and how one country, region will come down versus another, u.s.-eu against each other. david: i thought we cleaned that up in 2008. didn't we? alix: we might have. chartered.andard reporter: this goes back to what we were talking about with iran. all this funneling in new and different ways. alix: where is estonia again? reporter: david westin can help. tune into jason kelly. bloomberg radio from 2:00 to 5:00 eastern time. chinesethe big hack, infiltration of u.s. companies. this is bloomberg. ♪ ♪ the bloomberg report of

should we go further, and this is what estonia has already done because the russians have messed with estonia for a long time one way to have anonymity the other is to deal with banks or transactions or the traditional infrastructure business but to have some validation so that is around identity validation and i put out a white paper with 20 different ideas. because the bar of knowledge is pretty low so the second area what about privacy about your data make the laws that are put in place but should you have the ability to know what information the companies have should you be able to move the information? or you can use me information other than the platform you give it to? there is a whole bucket of things and what may be the place there is some argument to be had of identity authentication i was a telecom guy it was really hard if you were one long-distance company and you want to switch from at&t to verizon we actually legislated number portability so the companies had to make it easy so maybe we need that same notion of data portability with social media platforms you can move a

the tunisian qualifier is through to the semi—finals after beating estonia's anett kontaveit on thursdayunds up the day's action. another day, and another milestone reached by ons jabur. ranked 101 in the world, she followed her win over former us open champion sloane stephens by beating the number eight seedin stephens by beating the number eight seed in straight sets. she won a tight first set but lost just one game in the second set to secure a place in the semis and to is the first from tunisia to get to a wta semi—final. first from tunisia to get to a wta semi-final. i'm very happy. i started bad so i had to win at a certain point. really happy with the grass season certain point. really happy with the grass season this year and finishing like this in moscow is amazing. i keep thinking about the vacation i'm going to have after this tournament, so going to have after this tournament, so maybe this is my motivation for this week. jabeur plays the number five seed, sevastova, who beat dzhalilov bondarev, budgie had to come from behind to win it after the russian won the opening set. b

. >> se evalÚan mociones que protegerÍan apple estonias y prevendrÍan las horribles acciones de contrabandoa soluciÓn para los 119 niÑos que siguen separados de sus madres. >> grupos cÍvicos afirman que la polÍtica podría ser ilegal. porque fuerza a los padres a renunciar a sus hijos. asÍ que habrÍa nuevos desafíos legales. se anticipa que los nÚmeros de septiembre sean mÁs altos. algunos republicanos en el congreso y funcionarios en la casa blanca estarÍan preocupados por la percepciÓn pÚblica que genere esta medida. sin embargo otros estÁn determinados a llevarla a cabo. como mÍnimo 2500 niÑos han sido separados de sus padres. se da por hecho que algunos no verÁn a reunificarse jamÁs con sus familias. >> imagÍnense si un niÑo de su paÍs estarían esta situaciÓn, ustedes van a comprender el rechazo que esto ha ocasionado en mi paÍs. pablo: la primera ola de separaciÓn ya fue un caos.este provocarÍa, incluso, mÁs separaciones. jorge: el controversial albergueestÁ en el desierto de texas sigue hablando mucho-- sigue dando mucho de quÉ hablar. cientos de niÑos fueron sacados de otros albergues

the circumstances which might prompt this include if russia was to seize a small island off estonia,to launch an attack on british troops, well, obviously, if it was to intervene in libya to grab oil supplies and unleashed a new migration crisis. and meanwhile, while they are playing war games, in the desert this weekend there are five and a half thousand troops playing war games. £100 million, it is costing. the biggest in ten years. it also is to me that we are getting the wind up about the prospect of russia taking some catastrophic action. quite rightly. i know the underling of the gru security service and all the m ista kes security service and all the mistakes they made this may be just a front for the other at the veggies that russia is pursuing to weaken nato and weaken the eu. —— bungling of the gru. to weaken the west. and indeed, as my pet newspaper reported this morning, they even put youtube channels for teenagers to watch where they spread dissent, cau5e them to question what they have been told by their teachers. it is in5idious. it is happening everywhere. and because

she believes her team to estonia with two new faces on board.good to be part of this team. everyone has been training hard. i am this team. everyone has been training hard. iam looking this team. everyone has been training hard. i am looking forward to getting going. it is different from before, training is harder, different competitions, different standards, higher than what middle east do. new girls going forward, a lot of big things ahead of ours. as a team we can work hard and get back to the good old days and enjoy it. pino head is ready, the skin is fit again, the event are about to head out to canada for two tournament in preparation for next month's european championships. where they will be defending their title and hoping not to, short. —— not to come up hoping not to, short. —— not to come up short. the tiny faroe islands are pushing to be allowed to compete as an independent nation at the olympics. their athletes take part in eight international sports, including football, as the faroes, but at the olympics they're forced to compete

should be even go further in this is what estonia with the russians really messed with estonia for atime. should there be almost to internet. one where you can have anonymity but the other is if you want to deal with banks and deal with transactions and if you want to deal with the traditional infrastructure business and should you have some guarantee that you can't have anonymity they have to have validation of who you are. the first bucket is around identity validation. the second bucket and i put out a white paper with 20 different ideas and some of them are good and some of them stink but at , least the start the debate. the bar of knowledge among my colleagues is low. [laughter] the second area is privacy stuff. there's something called gdpr which is the european laws put in place in california has weaker version but should you have the ability to know what information the company sap and should you have the ability to remove your information from your post and have that you can use the information other than the first social media platform you give it to the first party consent

balance has changed back in ninety seven the red army was in east germany today nato has forces in estonia only in a few minutes flying time from st petersburg not so far from moscow so distressed position of russia has changed and so there's an incentive in some ways for russia to seek a change in the cold war arms control treaties more broadly of course there is a whole rise of china of india and other countries and i think in a way the americans have a case for saying let's negotiate a new global treaty about these kinds of weapons but just pulling out of the treaty of saying america can do the forward to win an arms race is i think perhaps rather naive it's it may seem to be tough and putting america first from six years old in fact sparked the kind of tensions yet we're looking ahead maybe there could be something on earth doesn't come out on top there could be something on the horizon a trump suggesting maybe a new kind of agreement but already russia is condemning what it sees is this is an attempt to blackmail russia to some sort of agreement is there some new agreement on the card

the second seed saw off estonia's annett kontaveit in the previous round, the dane winning 7—5, 6—4.ht champion khabib nurmagomedov and former two—weight champion conor mcgregor. ireland's mcgregor is returning to the 0ctagon after almost two years out, and having lost a boxing fight to floyd mayweather in august last year. the 30—year—old russian nurmagomedov is undefeated, with the fight in las vegas on saturday. in case you missed it, a woman was injured when she was hit by a wayward shot from defending champion tyrrell hatton in the first round of the alfred dunhill links championship in scotland. it comes less than a week after a spectator suffered a serious eye injury after a ball struck her at the ryder cup. marcus fraser of australia leads with this man — england's matt wallace — heading into the second round, both are 4 under par while englishman hatton seeking a third consecutive title at this tournament is on 2 under. in the europa league on thursday, 5—time winners sevilla were shocked in russia as they fell to a 2—1 defeat against fc krasnodar. despite leading at half ti

because of the work of estonia formit also active work of russia talking to iran. we were liberated biggest part of the tierra territory city were liberated to terrorists and the country is building rebuilding it all of this but agree to achieve a long term stability can only be done by political ad diplomatic means in the full compliance with the resolution twenty two fifty four of the of the security council for un with a strict observation of the principle of unity sovereignty and territorial integrity of this country. the syrians themselves should determine themselves the future of their country and this can text we discuss the prospects of the unification of efforts within their style or format have a so-called small group in our view it would contribute to this start of the real political process in syria would attract into it and big number of interested and and interested pop parties of the syrian society first of all is necessary to ensure the launching. the constitutional committee the operational text usual committee which is appeal the court to consider

it happened in estonia. this challenge.ut any hesitation in order to send a clear signal to the u.s.. we take this very seriously. minister ofhe business took this initiative. i hope the international financial sector will take this is a clear signal that we will not accept what happened with danske bank. what goal would you like to see from the summit you are attending today? we took this initiative to go with seven other countries to change words action. thed the honor to cochair u.n. meeting of three years ago were they adopted the development goals. now we have to achieve these goals. , the summit was extraordinary. we wanted to bring people from startups, ceos, academia, prime minister's, to define partnerships that can be done. that's what we intended to do. we will launch a partnership around the world. congratulations and thank you for making the time to speak with us on bloomberg television. that is the danish prime minister. let's get a check on some markets. italian yields are improving on comments made. the eu w

criminal investigations are underway in estonia and denmark.s after a large part $235 billion that floated through a unit in the float -- country many to be treated as suspicious transactions. amazon is eliminating monthly bonuses and stock awards for warehouse workers and other hourly employees. after the company pledged to raise pay to at least $15 an hour. workers for the e-commerce giant in the u.s. were eligible in the past or incentives that could have told the -- hundreds of dollars. amazon says operations and customer service staff will still see their total compensation improve. the head of the u.s. federal trade commission has indicated it is reviewing the data breach at facebook that affected 50 million accounts. chairman simons asked about the attack. he declined to specify whether there was an active investigation of the social media giant. a facebook spokesman not immediately comment. that is your bloomberg business/. francine? francine: let's talk about oil. brent halted gains near $86 per barrel on emerging concerns that prices

medals and finally in what some thought was a fluke, first place finish at the world championships in estonia in 2016. something rarer among teenagers, concentration. >> i find of forget about everything else, and just zone in, or just think about my day. >> we're talking michael jordan, joe montana in the fourth quarter focus. she can't stand losing. >> reporter: and this year, casting into 20 to 30-mile-an-hour winds on the coast of england, maxine proves her earlier performance was no fluke, earning gold in two events. each now as a two-time champion, she says she still loves the sport in its purest form, fishing on a river. >> one evening, we were catching a lot of fish and i hooked two fish at once. >> reporter: dan ashley, "abc7 news." >> the bay area really is blessed, besides golden gate park, she trained at our other big facility, the oakland casting club. we have more information at abc7news.com. >> that's got to be hard enough when the wind isn't blowing. amazing. >>> great weather to get outside today. sandhya is back in just a moment with a look at the weekend forecast. forecast.

only estonia and sweden have never been in violation of the deficit procedures. we are in a situation where italy is the outlier in terms of having a budget least in keeping with european rules, but there are legitimate concerns about portugal, belgium, spain, france. and for the european perspective, this is about giving italy enough leeway to not trigger another uprising in popular discontent but also keeping the leash tight enough so the debt burden of italy does not get set on an explosive path. down tothe 10-year 3.56%. it is more evident in spreads than anything else after the contagion,. we are seeing banks higher. bankshis mean the italian are out of the woods in terms of their sovereign debt holdings? >> i guess people left spoken on the top of before have focused on the nexus where banks holding sovereign debt get in trouble when the debt is downgrading or the spread is widened which puts pressure on the sovereigns because of the perceived need to bail out the banks further down the line. it is hard to distinguish between the prospects of the two, but t

in what some thought as a fluke, world championships in estonia. this year in england it was no fluke, earning gold in two events. >> it's all about technique and efficiency. and just having the right stroke really were helps. >> she also trained at the other big facility at the oakland casting club. >> that is very cool. my grandpa would be proud. he is a fly mischerm fish >> you have to be patient. >> definitely have to be patient. >> good for her to have that kind of patience at that age. congratulations. you're never more than 7 minutes away from this warm forecast. here's a look a87. a little hazy this morning. but clear right now. temperatures running in the low to mid-50s throughout the south bay. climbing highs today, 5 to 10 degrees warmer than yesterday. we have a cooling trend. you'll feel it next week when we have a slight chance of a shower or two. all right. where all the rain is, remember that incredible video we showed you of the bridge getting destroyed by the flooding rains in texas? it is still raining. it will continue raining f

we have seen canada, estonia, japan, israel, the u.k., germany, france, new zealand, and australia.ryone jumping on the bandwagon. thinking this is the chance for them to be the next key location. jason: what are they providing? what are the perks? reporter: israel has one of the most interesting programs. $20,000 relocation bonuses. free hebrew classes. accountants. free cell phones. and a six-day visa. -- and a six-day visa application program. jason: can cadillac make a comeback? carol: it rolls the dice again about bringing back the ban -- the brand. this is "bloomberg businessweek ." ♪ jason: welcome back to "bloomberg businessweek." i'm jason kelly. carol: i'm carol massar. the. the of the u.s. dollar. is it time for regime change? jason: speaking of regime change, how amazon and netflix are raising the stakes against traditional tv studios. carol: the first, general motors and honda are teaming up to promote self driving cars. will take a 6% stake in gm's self driving unit, another $2n spend billion on deploying autonomous vehicles with jim. with: gm's president spoke bloombe

after a report suggested that swed bank and seb had more than $$1 trillion of funds flow through estonia in 2017 and 2018 swed bank said there are no ongoing investigations into the lender if you want to get in touch, we are @streetsignscnbc >>> up next, treasury yields surge as fed chairman jerome powell gives an upbeat outlook for the u.s. economy we'll discuss this in detail after the break. tremfya® is for adults with moderate to severe plaque psoriasis. with tremfya®, you can get clearer. and stay clearer. in fact, most patients who saw 90% clearer skin at 28 weeks stayed clearer through 48 weeks. tremfya® works better than humira® at providing clearer skin, and more patients were symptom free with tremfya®. tremfya® may lower your ability to fight infections and may increase your risk of infections. before treatment, your doctor should check you for infections and tuberculosis. tell your doctor if you have an infection or have symptoms such as: fever, sweats, chills, muscle aches or cough. before starting tremfya® tell your doctor if you plan to or have recently received a vaccine.

i apprentice as a medieval blacksmith in tallinn, estonia. mihkel: very nice. josh: learn to serve noblemen a feast. enjoy your meals my lords. and see if i have what it takes to be a castle guard soldier. mihkel: advance! josh: ehhh! mihkel: advance! josh: ehhh! my name is josh garcia. d i'er dreamt aboutrs. now, i'm making that dream a reality. my mission? to seek out the awesome people and places that

and finally in what some thought was a fluke, a first place finish at the rl world championships in estonia in 2016. a trip to test not only her physical skill, but something rare among the teenagers, concentration. >> i forget about everything else and zone in and think about my day. >> we are talk about the michael jordan and the joe montana in the fourtht quarter focus. she is going to tell you that she can't stand losing. >> reporter: this the year, casting into 20 to 30-mile-an-hour winds on the coast can of england, maxine proved that the earlier performance was no fluke earning two golds. and now as a two-time champion she says she loves the sport in the purest form fishing on the river with her family. >> one evening, we were fishing together, and i hooked one two the fish at the same time. that was pretty great. >> dan, abc 7 news. >>> and we have posted more information on the website abc7news.com on maxine. sfwhoo and th >>> thousands of migrants are continuing their march towards the u.s. and i am a certified arborist for pg&e.ughes i oversee the patrolling of trees near power l

we have seen canada, estonia, japan, israel, the u.k., germany, france, new zealand, australia.e jumping on the bandwagon saying, now is the chance for us to be the next big tech location. jason: in terms of what they are offering, what they are providing, what are the perks? olivia: israel has one of the most interesting programs. they are offering $20,000 relocation bonuses, free hebrew classes, accountants, free cell phones, and a six-day visa processing system. so you apply for your visa and in less than a week later, you have it. jason: can cadillac make a comeback? carol: with a new chief and a lower price suv, the once dominant automaker rolls the dice again about bringing back the brand. this is "bloomberg businessweek." jason: ♪ jason: welcome back to "bloomberg businessweek." i'm jason kelly. carol: i'm carol massar. still ahead in this week's issue, the tyranny of the u.s. dollar. it has reigned supreme as the world's reserve currency for more than a decade, but is it time for regime change? jason: speaking of regime change, how amazon and netflix are raising the stak

should we go further, and this is what estonia already dead.hould there be almost two intranets, one where you can have anonymity that the other is if you want to deal with banks and transactions and the kind of traditional infrastructure business, should you have a guarantee that you can't have anonymity that you have to have a validation of who you are. the first is around the entity evaluation and the second, some of them are good and some of them stink. the bar of knowledge among my colleagues the second area is all of the private stuff what right do you hav have to have te privacy and there's something called gdp or. should you have the ability to know what information the companies have and the ability to remove the information from your post or that you can't use the information other than the first party social media platform so there's a whole bucket of things but third, and this may be the place although i think there's some argument to be had around the identity authentication is a competition stream. before you guys were born, it wa

get really cheap, and we are keeping a close eye at the moment with all of the money laundering in estoniathe potential outcomes could be interesting. down, down has been $.70 on the euro. and that is an interesting level. anna: danske bank. but if the u.s. authorities are probing, is that something upon which your decision will depend? and how much impact that has on their business model. >> to be clear, we are there already, it is just if we have more. but it does the that exactly. but our analysis of how much pain they can take built in quite a lot of pain before he start threatening things like a coupon. that seems a long way off. matt: you will stick with us, we have a lot more to talk about. an exciting market today. luke will help guide us through them. up next, we bring you the stocks on the move including rolls-royce. this is fascinating. the u.s. is threatening to block great britain from a 46 nation public procurement agreement as a result of brexit. we talk about that next. this is bloomberg. ♪ anna: welcome back, we are 11 minutes into your trading day. let's get your top stoc

the aba to look into this in relation to us and estonia.t year we were the subject of -- that investigation examination has led us to ourificantly more in upping standards. we are in the middle of that program. nejra: what would you do differently now given what you know about this scandal? >> i think as a supervisory authority, you always feel in denmark, the u.s., the u.k., rely on the replies from the bank. i think the big issue here in this case was we did not get adequate information, partly because there were problems within the bank. the bank did not get the right information from the estonian branch. i think that is the key issues that we addressed. now we have asked the bank that -- signs off on the information to have provided to us and if the information is not correct, it will have more severe consequence. that was the director general of danish supervisory authority. you can watch the full interview next friday. we just mentioned mario draghi has met with italy's president and discuss the budget. is italy being too optimistic a

ambassador to estonia who has resigned his post because he feels he can no longer defend america's foreign policy. but for now that is it for our program. thanks for watching "amanpour & co." on pbs and joining us again tomorrow night. >>> uniworld is a proud sponsor of "amanpour & co." when bea tollman founded a collection of boutique hotels, she had bigger dreams, and those dreams were on the water, a river specifically. multiple rivers that would one day be home to uniworld river cruises and their floating boutique hotels. today that dream sets sail in europe, asia, india, egypt, and more. bookings available through your travel agent. for more information, visit uniworld.com. >> additional support has been provided by rosalind p. walter. bernard and irene schwartz. sue and edgar wachenheim iii. the cheryl and philip milstein family. and by contributions to your pbs stations from viewers like you. and by contributions to your pbs stations from viewers like you. thank you. ♪ - this week, we travel to paris to make three desserts you may not have heard of. the first is very simple. it's a

and so if you are looking at what estonia, sweden and some of the nation who are on the front line of russian disinformation campaigns first, thatey have digital literacy campaigns that is equivalent to the public health campaigns there. is no one silver bullet in it, but there are things to do and part of it is about understanding the new nature of this system and responding appropriately and in government, in business and you and i as individuals. >> i believe that the old saying is that the lie gets halfway around the world before the truth even has a chance to get its pants on. >> and it moves faster now than ever before, because the networks were designed not to reward ver racity, but viral ti and that is where in turn there is a greater response needed by the technology companies themselves, because they are running what is in effect, the nervous system of the modern world. we are using it for dating and business but a new battle space from marketing wars to the real wars. >> peter sanger, it is a fascinating book "like war." and enjoy the weekend. that is going to the wrap up t

i wanted to say a coupling words on the republic of estonia. a long drawn process was recently the object of a referendum following negotiations between the government of macedonia and the government of greece. they should stake progress toward euro atlantic institutions. an issue that is controversial. this is another -- this is the largest international -- russia, bolivia, and the crisis. sanctions from the european union. it's issues they call back in time, a time of the end of the cold war and the enlargement of nato. the impact of the security impact of nato, they weigh russia. in a way following the soviet union. and then, the influence of russia itself, and west banks. and the western border is becoming an area where we see that issues are not always elite. it's an external dimension. for the feeling in internal issues. that's where sometimes also minority related questions -- the former yugoslavia. [ inaudible ] >> to be small along policy lines, rather than along ethnic lines the position it takes, they want if you read the course and

-- i are a handful of believe is tony a has done online voting and figured out a has-- i believe estoniae online voting and figure out a way they believe it works. host: a viewer on twitter saying "here have machines remote software and a modem." guest: it is very concerning. georgia is one of those states that doesn't have a paper trail. there is actually a lawsuit in georgia brought against the secretary of state trying to force systems with paper trails prior to election day. the judge ultimately ruled there was not enough time to do that. . history of has a actively mishandling and releasing voter data, etc. that is a real battleground for this issue. host: hector in san juan, puerto rico. caller: good morning. question.mment and election andn influencing an election, i would like to know what is the difference. for example, i know russia has been accused of hacking the dnc and releasing the fake emails. but what would have been the difference between if a domestic person did the hacking and released the emails? secondly, what is the difference informationuencing and basically hackin

officials from former soviet states such as latvia and estonia offered similar criticism.he is appealing to the party faithful. it is a difficult time for the conservatives because there are divisions over brexit. everyone understands that at a party conference the rhetoric is heated up but as the foreign secretary you have to think about what your words mean, and not just have to think about what your words mean, and notjust in the hall but outside as well. i was really shocked that he should choose to compare the eu in any way with the soviet union. that‘s incredibly insensitive, not least of the countries that were in the soviet union and are now members of the eu and are very glad to be. as foreign secretary you‘ve got to make sure you are not insensitive and disrespectful to other countries. do you think he really understood what the reaction from some of those countries was going to be?” the reaction from some of those countries was going to be? i bet he didn‘t think about it and didn‘t understand, which is not great as a foreign secretary, or he did and went ahead a